First Trust Advisors L.P. is pleased to announce that the Board of Trustees of each of First Trust High Income Long/Short Fund (NYSE: FSD), First Trust/Aberdeen Emerging Opportunity Fund (NYSE: FEO), First Trust Strategic High Income Fund II (NYSE: FHY), First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM), and First Trust Enhanced Equity Income Fund (NYSE: FFA) has authorized the continuation of each Fund's Share Repurchase Program. Pursuant to each Fund's Share Repurchase Program, each Fund may, from time to time and at the direction of management personnel, repurchase up to the amount of shares remaining in each Fund's Share Repurchase Program described below in secondary market transactions in accordance with applicable law. Each Fund's Share Repurchase Program will continue until the earlier of (i) the repurchase of the amount of shares remaining in each Fund's Share Repurchase Program as noted below or (ii) March 15, 2018.

Fund

Number of Shares Available for Repurchase through March 15, 2018

First Trust High Income Long/Short Fund

978,598

First Trust/Aberdeen Emerging Opportunity Fund

105,644

First Trust Strategic High Income Fund II

164,339

First Trust/Aberdeen Global Opportunity Income Fund

727,422

First Trust Enhanced Equity Income Fund

998,658

Each Fund's repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. There is no assurance that any Fund will purchase shares at any specific levels or in any specific amounts.

The risks of investing in each Fund are spelled out in its respective shareholder reports, and other regulatory filings. Each Fund's daily closing price and net asset value per share as well as other information can be found at www.ftportfolios.com or by calling (800) 988-5891.

First Trust Advisors L.P., each Fund's investment advisor, along with its affiliate, First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $109 billion as of August 31, 2017 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

This press release does not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.